Bank fees rise for 15th year

5:39 AM,
Oct. 1, 2013

Written by

John Waggoner
| USA Today

Bank fees rose for the 15th straight year, with fees for overdrafts and out-of-network ATM usage hitting record highs, according to Bankrate.com.

The average overdraft charge rose 3 percent in 2013, to a record $32.20, Bankrate said. The average cost for using another bank's ATM rose 2 percent, to $4.13 - also a record. "Overdraft and out-of-network ATM fees are the low-hanging fruit in terms of raising fees," said Greg McBride, senior financial analyst for Bankrate.com.

Overdraft fees have risen so far that a recent study by Moebs Services ...